A Business Structure in Which One or More of the Owners

question 16

Multiple Choice

A business structure in which one or more of the owners may be granted limited liability as long as one partner is designated a general partner is called a

• A) General partnership
• B) Fragmented partnership
• C) Limited partnership
• D) Segmented partnership

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Definitions:

Operating Efficiency

A measure of how well a company uses its resources to produce goods or services.

Great Distances

Large physical separations between objects or locations, often involving travel or communication across extensive areas.

Cross-Functional Team

A team that operates with members who come from different functional units of an organization.

Horizontal Structure

A form of organizational structure where control and decision-making are spread horizontally across levels, emphasizing collaboration and teamwork.